Acquisition | MAG SILVER CORP | 4th September 2025
Initially announced on May 12, 2025, MAG SILVER CORP and PAN AMERICAN SILVER CORP entered into a definitive agreement whereby PAN AMERICAN SILVER CORP will acquire all the shares of MAG SILVER CORP pursuant to a plan of arrangement. Under the terms of transaction, MAG shareholders can elect to receive cash consideration of USD 20.54, or stock consideration of USD 0.0001 in cash and 0.755 PAN AMERICAN SILVER share, or a combination of both. Non-election holders will be deemed to elect for the stock consideration subject to proration such that the aggregate Consideration paid to all Shareholders consists of US$500 million in cash and that the remaining Consideration is paid in Pan American Shares. The transaction has been approved at the shareholder meeting held on July 10, 2025. On August 25, 2025, MAG SILVER announced that all required regulatory, shareholder and court approvals have been received. The Acquisition is expected to be completed on September 4, 2025
The treatment below will be applied to the following indices:
- MAG SILVER CORP will be removed from the Index.
- The shares of PAN AMERICAN SILVER CORP (PAAS.N) will be increased according to the stock terms of the transaction.
- The cash portion of the transaction will be distributed pro rata to remaining Index constituents.
- Effective Date (open): 04/09/2025
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